SHREE CEMENT LIMITED has informed the Exchange about receipt of GST demand orders
SHREECEM · price
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Shree Cement Limited has received two GST demand orders on December 30, 2025. The first from the Joint Commissioner of SGST in Raipur, Chhattisgarh, alleges excess availment of Input Tax Credit and demands Rs. 37.08 lakh in tax, Rs. 23.55 lakh in interest, and Rs. 3.91 lakh in penalty (total ~Rs. 64.5 lakh). The second from the Assistant Commissioner of Central Tax in Gulbarga, Karnataka, alleges wrong availment of Input Tax Credit and demands Rs. 33.22 lakh in tax, Rs. 11.88 lakh in interest, and Rs. 33.22 lakh in penalty (total ~Rs. 78.3 lakh). Both orders were issued in Form GST DRC-07. The combined financial exposure is around Rs. 1.43 crore.
The company has stated these orders have no major financial impact and it will file appeals under Section 107 of the respective GST Acts by March 29, 2026. Given Shree Cement's large scale of operations, these demand amounts are negligible, and the stock is unlikely to be materially affected.